z21 Marks First Close Of Fund II At $20 Mn To Back Early-Stage AI, SaaS Startups

z21 Marks First Close Of Fund II At $20 Mn To Back Early-Stage AI, SaaS Startups

SUMMARY

The VC firm said that it will also raise part of its capital from “leading operators and experts who will mentor and support founders”

z21 is eyeing a corpus of $40 Mn for the fund and will look to back pre-seed and seed startups with “strong teams, innovative technologies and large market opportunities”

As per Inc42 data, seed-stage funding zoomed 23% to $589 Mn in H1 2024 across 229 deals from $479 Mn a year ago

Early-stage venture capital (VC) firm z21 Ventures has marked the first close of its $40 Mn Fund II at $20 Mn (INR 167 Cr). The investment firm said that it secured the capital from its anchor investor WestBridge Capital. 

The VC firm said that it will also raise part of its capital from “leading operators and experts who will mentor and support founders”. 

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